This is according to a statement made by Australian Minister of Foreign Affairs Julie Bishop.

Bishop and Ukrainian President Petro Poroshenko are set to sign a contract at the International nuclear security summit in Washington, U.S.

Australian Minerals Council spokesman Daniel Zavattiero praised the agreement.

"Access to growing Ukrainian uranium demand creates opportunities for more tonnes, more exports, and more jobs in mine construction and operations",Zavattiero said.

Australia holds around 30 percent of world's uranium resources. It already supplies uranium to Canada, France, India, Japan, USA, Great Britain, Russia and South Korea. Ukraine will be the latest addition to this list.